Construction cost in New Town Kolkata. We do a little finding out!
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| An under construction building - New Town, Kolkata |
So, what did we find out about construction costs?
For a standard Ground + 4 building, with an elevator, 8 apartments of about 1285 sq ft each, in a configuration of 2 apartments per floor, the construction cost with standard fit and finishes works out to about 1300 to 1400 Rupees per Sq ft. This is pure construction cost only. Approvals, other fees and stuff are extra.
Also note that that if you were to opt for premium finishes, imported flooring systems and the works, the cost would go northward depending on what you really wanted to splurge on. If you decided to start construction of your house today, considering you have your sanctions in place, we reckon that by the time you finish constructing, with standard finishes, your costs would not exceed Rs. 1500 per square foot. Yes. That is about how much it would cost you. This would include a pile foundation for your building, Rcc super structure, clay brick work, plaster and finish, internal pop on the walls, plumbing, electricals, wooden doors, aluminium windows and standard finishes for your kitchens and bathrooms.
This is dependable information and there are firms out there who can take up a turnkey assignment for you at that cost. Profits included.
Happy building folks!
About the author
Rahul Mishra is a real estate professional who started his life as a salesman, selling homes in the city of Kolkata since 2001. He worked pan India in real estate organisations like MMG Realty, Bengal Shrachi, The Phoenix Mills and The Space Group before helping co found Pillars with a single objective - To make real estate easy!Connect with Rahul Mishra on Linkedin.
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I found your blog to be both informative and entertaining! A quick question, we are planning to relocate to Bangalore, is it wise to invest in a real estate there viz Kolkata our current location? Thanks
ReplyDeleteThank you very much for feeling that way about our blog! If you are relocating to Bangalore and have to rent out, it is best to invest in Bangalore. However, if you have a place in Bangalore and are looking at it purely as an investment, Kolkata would give you more stable returns, for a lower investment size. Hope that helps.
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